I received a nice email from John Fraser the other day, thanking me spreading the good word about ERM through this website. For those of you who are unfamiliar with Mr. Fraser, he co-wrote what I consider to be the…
Eclipse risk management
With Eclipse, the latest instalment of the Twilight saga coming out next week, it seemed like a good time to dig up one of my most popular posts, Twilight Risk Management. I am shameless and have no problem getting on…
Fewer people got swine flu shot
Should Public Health really be concerned that so few people received the H1N1 vaccination last winter? http://bit.ly/cbqZAh Do I have to explain this? Last year when the craziness and panic was being spread by the media faster than the swine…
KPMG: 10 Common ERM Challenges
Risk Management magazine just published an article by Jim Negus (of KPMG LLP’s risk and compliance services group) listing their top ten ERM challenges. They write: Very few organizations find enterprise risk management implementation easy–it requires a rare combination of…
ERM in manufacturing
Here’s an article we do not see very often (read: never). Joseph Allred, a CPA from Texas, writes about the value of ERM in a manufacturing organization. Although the content is consistent with what many of us often write about,…
Timing and severity of risk treatments
Are risk management treatments that we implement influenced by the timing and the severity of the event? How about emotion? In hockey, a player is penalized 2 minutes for a high stick to the face of another player; but the…
Promote a culture of Truth
My 11-year old came home from school this week and told me he got into trouble and was sent to the office. At lunch, he was horsing around with his buddies and threw some lunch meats at each other. Fortunately,…
ERM of crucial importance to financial service providers
The Faculty & Institute of Actuaries his published a paper called ERM for Insurance Companies – Adding the Investor’s Point of View, on January 22, 2010. The abstract reads: A major outcome of ERM activities in insurance companies has been…
ERM ranks forth on list of management ideas for ’00s
The editors of Harvard Business Review recently published their own top ten list of the last decade calling it “the most influential management ideas of the millennium (so far)” and look what came in at #4. 4. Enterprise Risk Management.…
Aon Global ERM Survey 2010 now available
There is a link on the Aon.com homepage for their latest ERM survey conducted in 2009 Q3. Aon writes: The study was designed to show the extent to which ERM has been successfully implemented across organizations globally; the effect ERM…